Teck Resources Receives Strike Notice At Largest Copper Mine

Teck Resources (TSX: TECK.A, TECK.B) appears to be about to go through some production delays. The firm early this morning indicated that it has received a strike notice for one of its operations in British Columbia.

The strike notice comes from the United Steelworkers Local 7619 at the company’s Highland Valley Copper mine in British Columbia. The union has been without a collective agreement since September 30, and now appears to be looking to push the issue that no new contract has been signed with the company.

With the strike notice now received, the union can begin striking within 72 hours, provided that 48 hours have also elapsed after the mediator reports to the labour relations board.

Local 7619 has yet to issue a press release on the development.

Teck’s Highland Valley Copper Mine is it’s largest operating copper asset, producing $688 million in gross profits for the company for the nine month period ended September 30.

Teck Resources Class B shares last traded at $40.76 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

BMO Lowers Price Target On Teck Resources To $53 Following BC Weather Events

On December 5th, Teck Resources (TSX: TECK.A) provided an update on the British Columbia weather...

Thursday, December 9, 2021, 10:09:00 AM

The Golden Triangle: British Columbia’s Exploration Hotbed

In recent years mining investors have been hearing a lot about one of the world’s...

Sunday, July 19, 2020, 11:00:00 AM

Teck Resources is Still Assessing Offers From Potential Buyers Amid Hostile Takeover Bid From Glencore

Teck Resources Ltd. (TSX: TECK.B) is still actively evaluating various offers for its steelmaking coal...

Monday, July 31, 2023, 02:56:00 PM

Teck-Korea Zinc Deal Points to Looming Zinc Supply Crunch

The latest treatment charge agreement between Canadian miner Teck Resources (NYSE: TECK) and Korea Zinc...

Wednesday, April 3, 2024, 02:06:09 PM

Colonial Coal: Recent Met Coal Deals Bode Well For This Small Cap

Two recent metallurgical coal transactions which carried high price tags could benefit Colonial Coal International...

Monday, November 20, 2023, 06:44:00 AM